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Jan 31, 2014
01/14
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when did we have this at a time the fed gave you two and three. now ultimately that may be the reason why we're going through it. we're going through a period of digesting the reality of the fed coming out of the markets and this is doefrg with the unsettled nature of what we're to do. you ultimately have a fed on one that really is unprecedented. so that to me is a place we go. look at walmart numbers today. we're going to talk about some of the names. you have to find value and companies that you think are going to appeal to people who have money to spend. again, if you look at the beige book that just came out, you are seeing wages going up in eight to 12 districts. >> i'll tell you the one year we did have an up january or the ten months preceding the down drop was 1929. there's this chart that's been going on. >> 1929. >> why not. >> i'm glad you said that before i did. >> there's very similar economics to it. >> why don't we just talk about a problem with this kind of data mining when you have such a small sample size. since 1950 there's onl
when did we have this at a time the fed gave you two and three. now ultimately that may be the reason why we're going through it. we're going through a period of digesting the reality of the fed coming out of the markets and this is doefrg with the unsettled nature of what we're to do. you ultimately have a fed on one that really is unprecedented. so that to me is a place we go. look at walmart numbers today. we're going to talk about some of the names. you have to find value and companies that...
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Jan 8, 2014
01/14
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most participants, according to this survey of fed members by the fed, saw qe as helping financial conditions. a majority thought the effect of qe is waning. biggest concern is the effect on financial stability of these asset purchases and some concerned the fed could suffer capital losses. in another interesting development in the minutes, the fed staff continued to forecast quote, significantly faster growth relative to potential in the years ahead. most participants were confident in the economic outlook. they said consumer spending was helped by the waning effects of tax increases, higher consumer sentiment and spending also helped by rising wealth and equity in real estate and also lower energy costs. the fed sees less fiscal drag in 2014. the minutes also make clear that they were yet to be counting on a budget deal. it was in the room at the time, the fed thought, that the congress would come up with a budget deal. there was also a pretty spirited debate on the reasons for the participation rate decline, the labor participation rate decline with some folks thinkinging it was cyclical a
most participants, according to this survey of fed members by the fed, saw qe as helping financial conditions. a majority thought the effect of qe is waning. biggest concern is the effect on financial stability of these asset purchases and some concerned the fed could suffer capital losses. in another interesting development in the minutes, the fed staff continued to forecast quote, significantly faster growth relative to potential in the years ahead. most participants were confident in the...
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Jan 25, 2014
01/14
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so much uncertainty about the fed. >> all my sources tell me, benn steil, the fed wants to get out of a quantitative easing. they don't know what the h lechlt ell they are going to do with that. they are going to taper some more at their meeting next week. they are going to continue to taper. stanley fisher, the vice chair, wants them to get the hell out of the bond buying business and anyway, our economy is not bad. i would like it to be growing at 5%. it's probably growing at 3 right now. that's taper taerritory. >> that's right. it's become a monetary meth addict here in the united states. if you look at the sort of investment that really matters, long-term corporate fixed asset investment, it's still near a post world war ii low. despite the liquidity. >> that's the difference in this recovery. instead of a 5 or 6% recovery or a 7% from a bad recession, that's made this a mediocre 2%-type recovery and that's too bad. abigail, the fed is going to stop. you know why they are going to stop? >> why? >> because the economy is not bad except for the business investment. you have the ene
so much uncertainty about the fed. >> all my sources tell me, benn steil, the fed wants to get out of a quantitative easing. they don't know what the h lechlt ell they are going to do with that. they are going to taper some more at their meeting next week. they are going to continue to taper. stanley fisher, the vice chair, wants them to get the hell out of the bond buying business and anyway, our economy is not bad. i would like it to be growing at 5%. it's probably growing at 3 right...
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Jan 8, 2014
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. >>> they're fed up with the feds. tony lopez tonight on how sthat lawmakers are trying to stop the nsa from spying on millions of californians. >> i do agree with the nsa that this is a dangerous world we live in. >> but dim cattic senator ted lou and other california legislatures say they have a problem with how the national security agency is dealing with those dangers. >> the nsa have been violating the constitutional right of all americans. >> including millions of californians who had their phone records monitored by nsa. a familiar rallying cry that began when edward snowden leaked classified documents to the media blowing the whistle on how the agency he used to work for spies on everyday americans as it looks for possible security threat. the bill would deny nsa facilities in california access to electricity and water from pub rick utilities, would slap sanctions on companies that try to fill that void, and would outlaw nsa partnerships with state universities. but that's not all. >> the bill bans california a
. >>> they're fed up with the feds. tony lopez tonight on how sthat lawmakers are trying to stop the nsa from spying on millions of californians. >> i do agree with the nsa that this is a dangerous world we live in. >> but dim cattic senator ted lou and other california legislatures say they have a problem with how the national security agency is dealing with those dangers. >> the nsa have been violating the constitutional right of all americans. >> including...
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Jan 29, 2014
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the fed decision is one hour away. this is the last meeting for ben bernanke as fed chief. as we count you down to the bulk of this market, it's not really in a great mood. as its worst point today, the dow was down 174 points. we have recovered quite a bit of that. we are down about 140 right now. the spike started at about 10:00 a.m. or so. the biotech index once again in focus. the top performer today, it's up some 50% for the year and we will follow that in just a few moments. more on that coming up. three sectors have been holding above the break-even point all day. those are the materials, energy and utilities sectors ahead of the fed. also, let's check the dollar versus the euro. right now the dollar, it's been a very interesting session. against the euro, you can see the move there. still a big short squeeze again the yen today. that's why you see that relationship between the dollar yen. there's the pound and also, we put the turkish lira up of course because it is very much in focus. all right. let's bring in bob pisani as we look at the ten-year note. 2.71% on th
the fed decision is one hour away. this is the last meeting for ben bernanke as fed chief. as we count you down to the bulk of this market, it's not really in a great mood. as its worst point today, the dow was down 174 points. we have recovered quite a bit of that. we are down about 140 right now. the spike started at about 10:00 a.m. or so. the biotech index once again in focus. the top performer today, it's up some 50% for the year and we will follow that in just a few moments. more on that...
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Jan 10, 2014
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i'm not sure at this point that a m it makes a huge difference to the fed. >> if you read the fed minutes that came out yesterday and sort of the commentary, some of these fed governors are worried about bubbles. i think they desperately want to unwind qe 3 but they are saying bubbles. the stock market p.e.'s are bubbles, that there's too much le leverag levera leveraged loans. i think the loans have been underheating. is the fed in some sort of a panic mode to get the hell out of qe 3? >> i think they want to get out of dodge, larry, no matter how they do it, and that gives them a pretty give excuse to use that. the fact is, as we all know, when the fed dumps a mountain of money into the banking system, it takes time for it to be digested and shows up on the asset markets before it shows up in the national income amounts. so no surprise there. the labor department -- labor market is the next thing to come along. i think you see 230 tomorrow. i think you see more rattling of sabers out of the fed in an accelerated qe but i think asset prices continue rising. >> continue rising. steve stan
i'm not sure at this point that a m it makes a huge difference to the fed. >> if you read the fed minutes that came out yesterday and sort of the commentary, some of these fed governors are worried about bubbles. i think they desperately want to unwind qe 3 but they are saying bubbles. the stock market p.e.'s are bubbles, that there's too much le leverag levera leveraged loans. i think the loans have been underheating. is the fed in some sort of a panic mode to get the hell out of qe 3?...
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Jan 30, 2014
01/14
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the fed did laugh. there was a laugh line about me in the minutes that came out, bernanke and bill poole was one of the fed heads saying kramer didn't know what he was doing, but -- >> i was your biggest fan after that. >> they did say we got it right, erin. we got it right. >> you got it right. and you have been vindicated over time. i want to get advice from you just because you're here. facebook came out with earnings today, a name you said you liked, but apple, we talk about it a lot on the show. i want to get you view and what to do with it. they came out and things were not good for apple. you write that apple actually had a failure. not a word usually associated with apple, they didn't get social media. if you're watching and saying you're going to get into jim's view and buy him something, what do you do with tech? >> i think social mobile in cloud, facebook, which is google, those are the companies that have momentum. because that's the future. apple, i think, is fine, it's come down so much. y
the fed did laugh. there was a laugh line about me in the minutes that came out, bernanke and bill poole was one of the fed heads saying kramer didn't know what he was doing, but -- >> i was your biggest fan after that. >> they did say we got it right, erin. we got it right. >> you got it right. and you have been vindicated over time. i want to get advice from you just because you're here. facebook came out with earnings today, a name you said you liked, but apple, we talk...
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Jan 27, 2014
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is the fed powerless to help? >> well, i mean, if we see feedback into the united states, i think that's when the u.s. federal reserve will act. i don't think the u.s. federal reserve is going to act to try to help out india or brazil. if we have a problem because of it, then you will see. in terms of whether or not those central banks and the rest of the world can do enough, there's two schools of thought. they have a lot more foreign exchange reserves to be able to defend themselves, at the same time when the market knows you are level foreign exchange reserves, what do they do? they can attack you because they know how much fire power you have and they can bring you to your knees. we have seen them do it before. >> michelle, fantastic stuff. thank you very much. this is a continuing story. let's take a look at the different pieces of this puzzle. let's take china first up. joining us is the ceo of destination world management and a cnbc contributor. michael, we have talked about the risks in china. i want to kn
is the fed powerless to help? >> well, i mean, if we see feedback into the united states, i think that's when the u.s. federal reserve will act. i don't think the u.s. federal reserve is going to act to try to help out india or brazil. if we have a problem because of it, then you will see. in terms of whether or not those central banks and the rest of the world can do enough, there's two schools of thought. they have a lot more foreign exchange reserves to be able to defend themselves, at...
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Jan 10, 2014
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the fed chair is quasiindependent person. this is somebody who by is mysterious basically by law and only recently since the financial crisis have therein been demands that the fed be more transparent. the thing that i will find interesting is not only how her personal story works and how she decides on doing things and how much more she talks about it more publicly, but how will the folks on capitol hill -- how will the republicans deal with a new fed chair, a woman fed chair who doesn't have to answer to them? >> that's right and speaking out loudly and more clearly in the past. >> and in a sense maybe knowing more about them, almost in a sense puts more pressure on her that might not be so fair. but we'll look at how she does. the cover story is the $16 trillion woman. thank you so much for being here. >> that is all for now. it's also the last time you'll see "now" at this time slot. starting monday, you can catch alex wagner every weekday at 4:00 p.m. eastern. that is now at 4:00 p.m. right here on msnbc. "andrea mitchel
the fed chair is quasiindependent person. this is somebody who by is mysterious basically by law and only recently since the financial crisis have therein been demands that the fed be more transparent. the thing that i will find interesting is not only how her personal story works and how she decides on doing things and how much more she talks about it more publicly, but how will the folks on capitol hill -- how will the republicans deal with a new fed chair, a woman fed chair who doesn't have...
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Jan 6, 2014
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that of the trapped mother and that of her unborn chick who will never be fed. by july the females know it is time to return to their nest. and so for the third time this year, the mothers take the long walk. only this time, they walk in the dark. across the country has brought me to the lovely city of boston. cheers. and seeing as it's such a historic city, i'm sure they'll appreciate that geico's been saving people money for over 75 years. oh... dear, i've dropped my tea into the boston harbor. huhh... i guess this party's over. geico. fifteen minutes could save you fifteen percent or more on car insurance. of the dusty basement at 1406 35th street the old dining table at 25th and hoffman. ...and the little room above the strip mall off roble avenue. ♪ this magic moment it is the story of where every great idea begins. and of those who believed they had the power to do more. dell is honored to be part of some of the world's great stories. that began much the same way ours did. in a little dorm room -- 2713. ♪ this magic moment ♪ the #1 selling pain relie
that of the trapped mother and that of her unborn chick who will never be fed. by july the females know it is time to return to their nest. and so for the third time this year, the mothers take the long walk. only this time, they walk in the dark. across the country has brought me to the lovely city of boston. cheers. and seeing as it's such a historic city, i'm sure they'll appreciate that geico's been saving people money for over 75 years. oh... dear, i've dropped my tea into the boston...
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Jan 24, 2014
01/14
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what is the fed going to say next week? they've already floated the idea of wanting to increase the taper. i don't think that's happening but yet no one really knows that. so people are being a little more cautious taking money off the table in case you get a spike down next week they want to be able to take advantage of it. >> do you agree, warren? >> i do. i mean i was looking at the market on close and balances early, and they were pretty neutral. i don't think you're going to get too much of a push either way from that. i think 1800 ong the s&p is a key number psychological. at the end of the day i think the damage has been done for the day and probably setting the tone as kenny just said for the beginning of next week. i do want to stress everything is calm and orderly here and if you keep your head and maybe -- >> that's either a good for bad thing depending how you look at a sell-off. thank you, guys. >> thank you. >> have a good weekend. >> thanks. >> got about 50 minutes as we head into the close and match markets
what is the fed going to say next week? they've already floated the idea of wanting to increase the taper. i don't think that's happening but yet no one really knows that. so people are being a little more cautious taking money off the table in case you get a spike down next week they want to be able to take advantage of it. >> do you agree, warren? >> i do. i mean i was looking at the market on close and balances early, and they were pretty neutral. i don't think you're going to...
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Jan 7, 2014
01/14
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the fed will take that away as a positive signal as the health of the fed. there were some detractors out there today. listen to senator chuck grassley speaking just before the vote. >> the stock market has become addicted to the fed's easy money policies. this has led one notable investment adviser to question whether the fed will ever able to end the quantitative easing program. >> and, larry, that's going to be the biggest question for janet yellen, how does she end the quantitative easing program, house of corrections quickly does she taper back and what metrics does she use to decide continuing tapering at the pace ben bernanke set us up for. >> what do you hear about another possible important fed appointment for vice chair, professor stanley fisher, former head of the israeli bank, had a great reputation and former professor at m.i.t. >> i have not heard of that and i heard a relationship question between janet yellen and whoever is serving as vice chair. and another question is whether she continues ben bernanke's transparency policies at the fed. th
the fed will take that away as a positive signal as the health of the fed. there were some detractors out there today. listen to senator chuck grassley speaking just before the vote. >> the stock market has become addicted to the fed's easy money policies. this has led one notable investment adviser to question whether the fed will ever able to end the quantitative easing program. >> and, larry, that's going to be the biggest question for janet yellen, how does she end the...
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Jan 10, 2014
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so i think a big challenge is the fed helps the economy. we see this throughout 2013 and earlier years, but going forward, faster economic growth is going to come from elsewhere in washington hopefully. it's going to depend on what congress and the white house does with issues like tax reform, immigration reform, hopefully this is not as good as it gets. we need it to be better. >> the fed has said they don't expect there to be as much fiscal drag this year meaning they expect congress to get there. >> that's right. but it's not just the overall budget deficit. it's other things related to that. so it's the tax regime we have. many people on both ends of pennsylvania avenue have acknowledged our business tax code in the u.s. is really complicated and high burden for small and global businesses alike. it's those type of policies we need to get job growth faster. >> rich, one way or people to find of look to earnings season, for example, and figure out whether the economy actually is strong, demand is picking up or not, is to watch the revenu
so i think a big challenge is the fed helps the economy. we see this throughout 2013 and earlier years, but going forward, faster economic growth is going to come from elsewhere in washington hopefully. it's going to depend on what congress and the white house does with issues like tax reform, immigration reform, hopefully this is not as good as it gets. we need it to be better. >> the fed has said they don't expect there to be as much fiscal drag this year meaning they expect congress to...
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Jan 27, 2014
01/14
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secured the data that directed the turbines that powered the sprinklers that watered the grass and that fed the cow that made the milk that went to the store that reminded the man to buy the milk that was poured by the girl who loved the cat that drank the milk. [ meows ] the internet of everything is changing everything. cisco. tomorrow starts here. open to innovation. open to ambition. open to bold ideas. that's why new york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs, and grows more businesses... we're open to it. start a tax-free business at startup-ny.com. we're open to it. at uwe know you can't afford wrong turns on the road to your future. that's why we build tools like our career guidance system. it's kind of like gps, you know, for your career. it walks you through different degree possibilities and even lets you explore local job market conditions, helping you map a clear course from the job you want, back to you. g
secured the data that directed the turbines that powered the sprinklers that watered the grass and that fed the cow that made the milk that went to the store that reminded the man to buy the milk that was poured by the girl who loved the cat that drank the milk. [ meows ] the internet of everything is changing everything. cisco. tomorrow starts here. open to innovation. open to ambition. open to bold ideas. that's why new york has a new plan -- dozens of tax free zones all across the state....
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Jan 11, 2014
01/14
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end of sentence. >> the economy wants the fed out of the qe business. stock investors don't know what they want. they are so short sided and short oriented but successful in shrinking government in israel, that's what allowed the private sector to grow and that's what is really critical here. yellen, she's so focused on kwapt state t kweant fa quantitative easing. i think he needs the support around him to make it happen. it's not on investors' radar screens. even if you have to digest earning seasons, all those reasons that the mark yet is going to get comfortable with, this could be a whole new game. >> all right. 10% gain this year. we will see. profits go up. larry, jeff, thank you. great stuff. appreciate it. >>> folks, don't forget about obamacare. even though the white house may want you to. this is when we're about to find out how many people are actually paying up for coverage. we have the latest from the man who is the number one expert on obamacare in america. he joins us, next up. and it feels like your lifeate revolves around your symptoms,
end of sentence. >> the economy wants the fed out of the qe business. stock investors don't know what they want. they are so short sided and short oriented but successful in shrinking government in israel, that's what allowed the private sector to grow and that's what is really critical here. yellen, she's so focused on kwapt state t kweant fa quantitative easing. i think he needs the support around him to make it happen. it's not on investors' radar screens. even if you have to digest...
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Jan 29, 2014
01/14
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you cannot fight the fed, can you? >> i don't think this is just the fed. this is representing deeper political instability in turkey and do we have central bank independence. this was a big move but is it credible? i don't think it's just the fed going on. i would highlight china, i would highlight some political backsliding that's been hidden by the boom, and probably also the current account surplus that europe is running. there's a lot of different things that are weighing on exchange rates and equity markets. it's a big recalibration of these markets. that doesn't yet mean it's an all out debt crisis collapse. >> is the fed -- however you describe it, is the fed right to ignore it and to continue steel like in its determination to reduce the printing of money by $10 billion a month? >> i think if the fed had done something different today, it would leave the markets even more confused. i think in the fed's own mind it's actually not planning to tighten policy. it just wants to change it, but the markets are kind of confused. in emerging markets there a
you cannot fight the fed, can you? >> i don't think this is just the fed. this is representing deeper political instability in turkey and do we have central bank independence. this was a big move but is it credible? i don't think it's just the fed going on. i would highlight china, i would highlight some political backsliding that's been hidden by the boom, and probably also the current account surplus that europe is running. there's a lot of different things that are weighing on exchange...
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Jan 10, 2014
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the fed seems to be cautious. the market seems to be reacting very well in terms of what they expect the fed to do and, therefore, it should be a relatively orderly process. >> what's happening with vacancies, apartment and both industrial? >>. >> apartments were the first to recovery. many people came out of home ownership and became apartment renters and that brought the vacancy from a high of 8.5% down to about 5%. we're back to precision session metrics on the apartment. so was the leader in this recovery. industrial states really shows the movement of goods and the strength in retail sales in the u.s. many people don't realize that u.s. retail sales are now 15% ahead of where they were at the peak in 2007. so the consumer really has come back. it's been a bifurcated recovery. nevertheless, the movement of goods and overall gdp improvement in the use has staged a very good recovery on the industrial side of commercial real estate. those two have been really outstanding sectors in this recovery so far. office a
the fed seems to be cautious. the market seems to be reacting very well in terms of what they expect the fed to do and, therefore, it should be a relatively orderly process. >> what's happening with vacancies, apartment and both industrial? >>. >> apartments were the first to recovery. many people came out of home ownership and became apartment renters and that brought the vacancy from a high of 8.5% down to about 5%. we're back to precision session metrics on the apartment....
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Jan 29, 2014
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some blaming the fed for causing the spiral, but that's because they're fed centric and would blame the fed if the favored broncos lose in the super bowl on sunday. my next big emerging crisis, well, how about mexico. in 1994, the emerging market of mexico was all the rage. i remember morgan stanley trying to talk them into buying mexican stocks, but i learned to stick to my knitting after turkey. and we had the peso crisis also known as -- the tequila crisis. i'm not kidding. and by the way, that's not the same as when we ran out of high-quality tequila. that won't happen again. pass the bottle. you should have seen the panic during the tequila crisis, you would thought every speculator had swallowed the worm that they put at the bottom of the bottle and real mexico. before that happened, our stock market got pounded, 470 down to 445. a year later, trading at 627, hmm, scaredy cats freaked out. those with patients and fortitude caught a 40% gain over the next year. fast forward to 1997, the emerging market pied pipers, hong kong, singapore, taiwan, hey, the four tigers of east asia. th
some blaming the fed for causing the spiral, but that's because they're fed centric and would blame the fed if the favored broncos lose in the super bowl on sunday. my next big emerging crisis, well, how about mexico. in 1994, the emerging market of mexico was all the rage. i remember morgan stanley trying to talk them into buying mexican stocks, but i learned to stick to my knitting after turkey. and we had the peso crisis also known as -- the tequila crisis. i'm not kidding. and by the way,...
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Jan 29, 2014
01/14
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terms of the fed, i'm not sure they go today. i think there's a more measured approach where they don't go today and not because weather is slowing down the economy, not because of em risk. i just think that you take one step at a time after touch an aggressive policy of easing. >> sarah, that currency thing i mentioned earlier is certainly going to be watched closely over the days ahead. dollar is going to be watched closely after 2:00 p.m. this afternoon. what currencies matter most to you right now? >> the currencies outside of the really big problem areas right now, i would be watching. the problem areas, of course, are the ones that have concerns about policy, stability, turkey is on the top of that list. argentina is on that list and ukraine is on the list. the question is it's starting to hit the stronger emerging markets currencies. south korea juan has been one of the darlings. that countries that bucked the trend nicely and seems to be holding up. s that that's a good sign. when i'm americaing markets are not treated as
terms of the fed, i'm not sure they go today. i think there's a more measured approach where they don't go today and not because weather is slowing down the economy, not because of em risk. i just think that you take one step at a time after touch an aggressive policy of easing. >> sarah, that currency thing i mentioned earlier is certainly going to be watched closely over the days ahead. dollar is going to be watched closely after 2:00 p.m. this afternoon. what currencies matter most to...
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Jan 3, 2014
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gradually or slowly that will be the fed strategy. in your judgment, what is the outlook for the stock market in that context that the fed will be less loose, ending -- >> well, i think they will and should take this some more, i frankly think that rather than the runoff cut they just did with $10 billion, i think they would be better off announcing a very gradual taper on the pre-determined basis. maybe something as mild as $5 billion a month for 17 months, and get it off there. markets can adjust to facts. it is very hard to adjust when you don't know whether the next shot will be 20 billion taper, zero billion taper, or even more. i think the uncertainty has a lot of value. >> i wonder sometimes, wilbur, kind of a crazy thought, higher interest rates, loan rates are going up in my opinion, about 100 points in the next year as the fed does less. i don't agree with jim on that point. but suppose short rates went up. in other words, you had an overwhelming signal that the fed was going to allow the market to adjust rates up as the eco
gradually or slowly that will be the fed strategy. in your judgment, what is the outlook for the stock market in that context that the fed will be less loose, ending -- >> well, i think they will and should take this some more, i frankly think that rather than the runoff cut they just did with $10 billion, i think they would be better off announcing a very gradual taper on the pre-determined basis. maybe something as mild as $5 billion a month for 17 months, and get it off there. markets...
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Jan 15, 2014
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we've got fed speak, chicago fed president charles evans and atlanta fed president dennis lockhart will be speaking today. earnings for bank of america comes in before the opening bell and csx out after the close. >> there is your agenda. meanwhile, we finally got there. thank goodness for that. a watershed moment, that was the message from apple phone's tim cook. cook said he's extremely confident about the release of the world's biggest carrier. china mobile says it's received 1.2 million preorders for iphones since december the 25th. eunice has been speaking to both gentlemen. she's got more for us from beijing. eunice, we've waited so long for this deal. is it okay now that we've got there and are we sort of fairly happy with the details? >> well, i'm sure both men are fairly happy with the details. they are able to close the deal. there were good feelings all around today to see the reports between the two mep. the china mobile chairman said now i'm going to switch to an iphone. tim cook apparently had given him his own iphone that was made for china mobile. it was in the gold colo
we've got fed speak, chicago fed president charles evans and atlanta fed president dennis lockhart will be speaking today. earnings for bank of america comes in before the opening bell and csx out after the close. >> there is your agenda. meanwhile, we finally got there. thank goodness for that. a watershed moment, that was the message from apple phone's tim cook. cook said he's extremely confident about the release of the world's biggest carrier. china mobile says it's received 1.2...
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Jan 28, 2014
01/14
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let's talk a little bit about the fed and the likelihood that the fed will continue its taper even if it doesn't, it does seem likely that the federal reserve is going to pull back on its stimulus this year. do you think the markets and the economy can withstand that? >> well no i don't at all. portfolio strategy is now 90% cash. i will be shorting stocks this week or next week. i think the fed has engendered a phony economic recovery based on reinflating asset bubbles, particularly home prices and equities. i think they will be tapering into falling economic strength and i think that ends very badly for the economy, earnings the market. >> todd what's your take? >> well we like to hear expectations. we at schaefer's investment research, we like to go off expectations. it's part of our investment strategy. if you look at -- i think there is a lot of caution out there in terms of the economy and the impact on stocks. you look at for example, in the options market all the portfolio protection trades out there is fund managers are cautious. you look at short interest. it was just reporte
let's talk a little bit about the fed and the likelihood that the fed will continue its taper even if it doesn't, it does seem likely that the federal reserve is going to pull back on its stimulus this year. do you think the markets and the economy can withstand that? >> well no i don't at all. portfolio strategy is now 90% cash. i will be shorting stocks this week or next week. i think the fed has engendered a phony economic recovery based on reinflating asset bubbles, particularly home...
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Jan 27, 2014
01/14
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so i think the fed will carry on as usual. i suspect as we get into the march meeting it may well change the way they behave. i argue this has just begun. >> in what sense? >> in a sense this is a way of risk aversion, so all the models were pretty close sellers coming into mid-january. >> you put this note out saying sell it, buy bonds, right? >> exactly. longer term portfolios we positioned in late dis, more into bonds now of u.s. equities and beginning the shorter term ones we were trimming as well. we would be looking for a pull-back. we are short in our trading models as well. and yeah, i mean, if you look at our models, it really shows you everyone is positioned the one way. equity often was at a 27-year high. i couldn't find anyone that liked bonds running around the base, so everyone hated bonds, as you know. and, of course, a 3%-year-old at the end of last year isn't a disaster. almost 4% on the 30-year. if you worry about deflation, it is quite attractive. so it is interesting to me, so that's why i said, i think it
so i think the fed will carry on as usual. i suspect as we get into the march meeting it may well change the way they behave. i argue this has just begun. >> in what sense? >> in a sense this is a way of risk aversion, so all the models were pretty close sellers coming into mid-january. >> you put this note out saying sell it, buy bonds, right? >> exactly. longer term portfolios we positioned in late dis, more into bonds now of u.s. equities and beginning the shorter...
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Jan 16, 2014
01/14
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. >> this it he must have been fed up. >> details are not known, he says often, people in wheelchairs are passed over by some bus drivers. >> wheelchair users passed by buses in the rain, snow. drivers don't want to be bothered with going through a little bit of effort to deploy a lift. >> drivers must stop to help disabled secure they're chairs once inside. ac transit saying video is unclear as to whether the bus operator adhered to proper procedures the agency is investigating to find out. but as video shows, nine minutes later, the driver did deploy the lift. and the passenger got on board. abc7 news. >> investigators are still working to find what sparked a large fire that broke out on the island in the delta. we brought it to you live yesterday on abc7 news at 6:00. the fire destroyed three cabins. the state owns the land. yesterday there was confusion over who put out the fire. that is because no fire department is in charge there. >> that is on the bored why have of three counties. >> so you knew when fire broke out there is no help? >> right. yeah. that is right. >> several fi
. >> this it he must have been fed up. >> details are not known, he says often, people in wheelchairs are passed over by some bus drivers. >> wheelchair users passed by buses in the rain, snow. drivers don't want to be bothered with going through a little bit of effort to deploy a lift. >> drivers must stop to help disabled secure they're chairs once inside. ac transit saying video is unclear as to whether the bus operator adhered to proper procedures the agency is...
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Jan 4, 2014
01/14
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what that suggests, is the economy getting better and should the fed be less involved in this economy? i think that that is going to be a mistake. because i don't see the main street numbers matching the data in an effort for the fed to not be involved at all. i want to see a free market, but the fed being involved somewhat here i think is important, because, kelly, we had -- in 1980, we had $1 trillion in a federal deficit. today, we stand at $17 trillion. we have a half a million jobs on a yearly basis leaving the united states and going to china. we have an unemployment rate that is extremely high. we currently have 56 million americans approximately on social security. they estimate in the year 2035 to have $94 million people collecting social security -- >> kyle, to your point then -- >> these numbers are -- >> your point -- >> my point is the following, that we need to create profits in a healthy fashion. keep and create more jobs here in the united states in an effort to have a healthy sustainable economy on its own. not with overinvolvement of centralized banks. >> you said a
what that suggests, is the economy getting better and should the fed be less involved in this economy? i think that that is going to be a mistake. because i don't see the main street numbers matching the data in an effort for the fed to not be involved at all. i want to see a free market, but the fed being involved somewhat here i think is important, because, kelly, we had -- in 1980, we had $1 trillion in a federal deficit. today, we stand at $17 trillion. we have a half a million jobs on a...
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Jan 8, 2014
01/14
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we are just seconds away from the release of the fed minutes. december was when they announced the taper. this is where we stand. the dow is down by 70 points. the ten year is back below the 3% mark. gold as you can see here behind me, is down by five bucks. let's get to steve liesman with all the details of the fed minutes because it was a very important meeting and people have been waiting what they had to say. >> reporter: this was the meeting where the federal reserve tapered and at that meeting, most participants saw the taper as appropriate as a cautious first step. many saw the economic progress compared certainly to october and over the course of quantitative easing as meaningful. now, there was a debate about this. several were concerned about tapering with the high unemployment rate and low inflation. some preferred a larger taper, even a few of them wanted qe limits and a completion date to be published. many supported at the end, many supported modest taper along with the rate guide, that dovish rate guide. there was a debate at this
we are just seconds away from the release of the fed minutes. december was when they announced the taper. this is where we stand. the dow is down by 70 points. the ten year is back below the 3% mark. gold as you can see here behind me, is down by five bucks. let's get to steve liesman with all the details of the fed minutes because it was a very important meeting and people have been waiting what they had to say. >> reporter: this was the meeting where the federal reserve tapered and at...
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Jan 30, 2014
01/14
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the fed -- china's manufacturing numbers are -- >> one, two. well, we're following the fed plus earning numbers. russian and h&m all disappoint. bouncing back from profit warnings saying it will cut spending and step up asset sales this year. spain's economic continues to pick up the pace. good news in germany where the jobless numbers fall faster than expected. >>> and hanging up on hand sets, google gets out of the business of making smartphones, selling its money, using the motorola unit to lenovo for nearly $3 billion. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> a very good morning to you. we concluded the fed's last meeting. ben bernanke as expected was a 10 billion taper once again. and not a huge amount of deception from the fomc. equities following asia and the u.s. lower, the dow down 189 points. down to lows we haven't seen since november 7th. the s&p down to december 9th lows. it's a huge number of individual stocks to look at. how does that translate into the indices? the
the fed -- china's manufacturing numbers are -- >> one, two. well, we're following the fed plus earning numbers. russian and h&m all disappoint. bouncing back from profit warnings saying it will cut spending and step up asset sales this year. spain's economic continues to pick up the pace. good news in germany where the jobless numbers fall faster than expected. >>> and hanging up on hand sets, google gets out of the business of making smartphones, selling its money, using...
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Jan 8, 2014
01/14
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what's the headline out of the fed minutes? how does the fed view the economy right now? >> pretty upbeat and this was before some of the better and upbeat data we have gotten since the fed meeting which was december 18th. as you know, bill, we've been reporting for many weeks that the gdp forecast for the fourth quarter have really risen in that period of time to more like a second half of 3.5% versus second half closer to 2%. so the fed views the economy as -- viewed it as good during the meeting. it's gotten better yet. so the question is whether or not that means a faster tapering. and what i see when i look at those minutes, i think the center of the board remains for a measured cautious approach. look, if things really do accelerate i think the fed will accelerate tapering. >> kathy, here is what i want to know. we've got this better batch of economic data about the best jobs report you could hope for, the fed minutes which are more upbeat. why isn't the ten-year yield decisively above 3% today? >> well i think a lot of this was discounted. we've been talking about
what's the headline out of the fed minutes? how does the fed view the economy right now? >> pretty upbeat and this was before some of the better and upbeat data we have gotten since the fed meeting which was december 18th. as you know, bill, we've been reporting for many weeks that the gdp forecast for the fourth quarter have really risen in that period of time to more like a second half of 3.5% versus second half closer to 2%. so the fed views the economy as -- viewed it as good during...
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Jan 29, 2014
01/14
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the fed will conclude its meeting. it's widely expected they'll continue tapering at around 10 billion a month. and on the currency markets, dollar has rebounded against the yen. we're back up to 103.15 after hitting that seven-week low of 101.77 earlier in the week. sterling not far away from its 2 1/2 year high that we hit at the end of last week. and euro/dollar steady at 1.36 at the moment. as we watch that deutsche bank press conference, resources are having the best of it this morning and indeed they are. up 2%. there are no sectors at the moment that are in negative territory. technology, telecoms, banks all doing fairley well. the weakest are industrials and oil and gas, they're up 0.5%. we'll get to sixuan in just a few moments. >>> it's full speed ahead for sub-saharan economies in africa. let's find out why economies are lagging behind the emerging market race. >>> ukraine's president accepts his prime minister's resignation, but the pressure is still on as moscow plans to review its bailout bill. we'll get
the fed will conclude its meeting. it's widely expected they'll continue tapering at around 10 billion a month. and on the currency markets, dollar has rebounded against the yen. we're back up to 103.15 after hitting that seven-week low of 101.77 earlier in the week. sterling not far away from its 2 1/2 year high that we hit at the end of last week. and euro/dollar steady at 1.36 at the moment. as we watch that deutsche bank press conference, resources are having the best of it this morning and...
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Jan 13, 2014
01/14
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well, for example, last year about 80% of the game came from pe expansion fed by the fed. so we think it's going to be a challenging market for equities this year but bonds may be surprising on the upside. >> they have so far. >> well here is what's interesting, too, quincy. we can talk about the moves in the equity markets today. we really should be talking as well about what's happening in bonds. look at the ten-year treasury that benchmark, going from a 3% yield just last wednesday to now well below 2.83%. that's a big move lower and it's going to be interesting to see the effect that that has now as investors digest it. >> absolutely. i mean what happened on friday was, is this going to be what we've seen every single year in which we go in stronger and then start to pull back? what the ten-year is telling you is let's wait and see some of the data that we're going to get and make sure it wasn't a one off. you cannot attribute all of it to weather. and that's what the ten-year is telling you. the ten-year has been a very good guide. so, by the way, has the two-year, an
well, for example, last year about 80% of the game came from pe expansion fed by the fed. so we think it's going to be a challenging market for equities this year but bonds may be surprising on the upside. >> they have so far. >> well here is what's interesting, too, quincy. we can talk about the moves in the equity markets today. we really should be talking as well about what's happening in bonds. look at the ten-year treasury that benchmark, going from a 3% yield just last...
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Jan 28, 2014
01/14
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fed watchers don't believe it will comment. cnbc will have full coverage of that decision on wednesday. it starts at 2:00 p.m. eastern on street signs. so what are these emerging market people to do? steven, nice to see you. if you're in ee merchlgling markets, you don't like it when the fed is pumping in liquidity. you don't like it when they're withdrawing it. too much of an excuse, is it? >> well, i think you say you don't like it when they're pumping it in, but the reality is it's a little better when they're doing the pumping than when they're doing the withdrawing. i think it's even scary when last week in davos, the bank of japan found they were pretty happy with what they were doing and have no intention of augmenting their stimulus. some of the comments, you're sort of looking at a bunch of g5 central banks, all of them going in the wrong direction from your perspective. >> what are you supposed to do to counter it? >> well, self you can. liquidity is terrible, so most people can't get out. i think many investors and,
fed watchers don't believe it will comment. cnbc will have full coverage of that decision on wednesday. it starts at 2:00 p.m. eastern on street signs. so what are these emerging market people to do? steven, nice to see you. if you're in ee merchlgling markets, you don't like it when the fed is pumping in liquidity. you don't like it when they're withdrawing it. too much of an excuse, is it? >> well, i think you say you don't like it when they're pumping it in, but the reality is it's a...
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Jan 26, 2014
01/14
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chicken, pork, beef, fish bowls keep getting fed into the pot. usually alongside much beer and rice. adding that much-needed bulk-up factor so important for sumo wrestlers and cable tv hosts. so, appealing to the human desires of a manga-buying audience, men want filthier, dirtier, more violent? >> in japan, you can't be rude in public. >> right. >> but you need to just, you know, i can say that letting off steam. so for me, the manga is one way to do that. >> what do women want? generally speaking, what do women want in manga? >> yaui. boys. you know? because they don't have enough experience to do that with real men. >> but nobody's going to the fish market and asking for live octopus. probably not. >> probably not. [ male announcer ] this is the cat that drank the milk... [ meows ] ...and let in the dog that woke the man who drove to the control room [ woman ] driverless mode engaged. find parking space. [ woman ] parking space found. [ male announcer ] ...that secured the data that directed the turbines that powered the farm that made the mil
chicken, pork, beef, fish bowls keep getting fed into the pot. usually alongside much beer and rice. adding that much-needed bulk-up factor so important for sumo wrestlers and cable tv hosts. so, appealing to the human desires of a manga-buying audience, men want filthier, dirtier, more violent? >> in japan, you can't be rude in public. >> right. >> but you need to just, you know, i can say that letting off steam. so for me, the manga is one way to do that. >> what do...
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Jan 22, 2014
01/14
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everybody knows the fed is going to taper down. they'll slow down their bond purchases. >> sure. >> maybe it will be faster, maybe it will be slower. looks like it will be faster. my question to you is is this perhaps maybe on the stock market here, the dawning knowledge of clarettive, the moment of clarity, that the if he had which backed us up in markets this year, i'm not taking down profits, i'm saying the fed will be gone as a back strop. is that starting to weigh, annoy, make investors nervous, etc., etc.? i don't think at all, larry, what's yuch setting people and removing them are the global macro conditions. you have an individual investor, do you see an earnings revij with a knee bow underside. slowing down the presenting is an irrelevant thing, has no impact on the market. you look at anybody writing reports from morgan stanley, goldman sachs, i read them all 9 the time. it's an irrelevant point thatter one says we need to stop talkings about it and focus on earnings. >> larry gra zp er, it's funny. i believe profits are
everybody knows the fed is going to taper down. they'll slow down their bond purchases. >> sure. >> maybe it will be faster, maybe it will be slower. looks like it will be faster. my question to you is is this perhaps maybe on the stock market here, the dawning knowledge of clarettive, the moment of clarity, that the if he had which backed us up in markets this year, i'm not taking down profits, i'm saying the fed will be gone as a back strop. is that starting to weigh, annoy, make...
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Jan 3, 2014
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and the fed tapering and fed policy. and i think it's going to be the broader growth picture, the global growth differentials as well as the changing growth dynamics within the u.s. i think that will provide the dollar with more sustained and broader base support in 2014 is. >> is it going to be growth or is it going to be -- is it going to be yields? or is the growth going to reflect in higher u.s. yields and that will be the driver? >> well, to a certain extent, that is going to be the transmission mechanism. but i think also the fact of the changing growth dynamics within the u.s. is going to play a very important part. we believe that the growth in u.s. is actually going to be driven to a larger extent by the supply side of the economy. so growth will be more domestically or yen tated. this is likely to keep investment in the u.s., rather than seeing the normal -- dollar coming under pressure when we see growth coming up, normally a pick up in growth leads to an increase in risk appetite and we see investors looking
and the fed tapering and fed policy. and i think it's going to be the broader growth picture, the global growth differentials as well as the changing growth dynamics within the u.s. i think that will provide the dollar with more sustained and broader base support in 2014 is. >> is it going to be growth or is it going to be -- is it going to be yields? or is the growth going to reflect in higher u.s. yields and that will be the driver? >> well, to a certain extent, that is going to...
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Jan 12, 2014
01/14
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, shared resources with the feds, and have even been investigated by the feds. i know their m.o. they do not confirm nor deny investigations. their mantra is that they are so objective and so nonpartisan that they would never implicate someone before an indictment. i guess the rules are different, though, in the obama administration. as mr. fishman trumpets his investigation of a potential presidential candidate from the opposing party over a bridge-lane closure. really? and by the way, mr. fishman has a long history of donating to the democratic party, and in six years has contributed more than $12,000. and this week, the administration says that they begun that irs investigation. the only problem, the new director of the fbi, james comey, doesn't even know who the prosecutor is who's running the investigation. and her name only surfaced after lawyers for the irs victims claimed the fbi was dragging its feet, their clients not even questioned. miraculously, the next day we find out who this mystery person is. is it a special prosecutor appointed by the attorney
, shared resources with the feds, and have even been investigated by the feds. i know their m.o. they do not confirm nor deny investigations. their mantra is that they are so objective and so nonpartisan that they would never implicate someone before an indictment. i guess the rules are different, though, in the obama administration. as mr. fishman trumpets his investigation of a potential presidential candidate from the opposing party over a bridge-lane closure. really? and by the way, mr....
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Jan 27, 2014
01/14
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chatter around the fed. the fed is irrelevant now because the economy's coming back. but obviously our network is fed centric. it's difficult to grasp between the rigor of individual stocks in countries versus taking a macro view, that i think is no longer important as it was in the last four years. >> the scone sus iconsensus is,e it goes up 20, 25, or down 15 or something, so i mean, i don't know what it favors are now. >> look, there's real secular difficults here. it really is hard to figure out what's happening with retail. we take howard schultz's view, this was the shift, when internet took over and bricks and mortar did bad. that group has been a huge, huge black hole since the year began. but when i look at industrial companies i know we want to say that china's bad, but then you're stuck with the work. if you read case by case the industrial companies, almost entirely driven by strength in china, it's counterintuitive to listen to the news about china because it presumes individual banks are controlling. that's not the case. china's doing quite well. again,
chatter around the fed. the fed is irrelevant now because the economy's coming back. but obviously our network is fed centric. it's difficult to grasp between the rigor of individual stocks in countries versus taking a macro view, that i think is no longer important as it was in the last four years. >> the scone sus iconsensus is,e it goes up 20, 25, or down 15 or something, so i mean, i don't know what it favors are now. >> look, there's real secular difficults here. it really is...
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Jan 9, 2014
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the minutes from the fed's latest meetings were released sdpod suggests most members favor a slow roll back of government stimulus efforts. >>> controversy brewing over in pleasant hill over the records kept at city council meetings. kim is working on summaries of the council actions and anyone who wants to get details can watch videos of the meetings online. the council is considering hiring a stenographer to transcribe the meetings that change the city clerk job from elected to a hired position. >>> even though it is still early winter, a lack of rain has some bay area counties taking action right now. mike explains the new campaign rolling out in marin and a vivid example of why it's desperately needed. >> the ground, it is cracked, it is dry. >> it hasn't rained in a really long time. >> no, it hasn't. this is no desert. this is one critical pocket of marin county looking dez lat and dreary. >> sad. really sad. >> reservoir right here in west marin is 45% capacity so what does that really mean? well, even on an average rainy season where i'm standing right now, i would not be able
the minutes from the fed's latest meetings were released sdpod suggests most members favor a slow roll back of government stimulus efforts. >>> controversy brewing over in pleasant hill over the records kept at city council meetings. kim is working on summaries of the council actions and anyone who wants to get details can watch videos of the meetings online. the council is considering hiring a stenographer to transcribe the meetings that change the city clerk job from elected to a...
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Jan 8, 2014
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i think the fed will point out all of those things. however, there's still a slow growth, high unemployment economy with stag nabt household income. we tend to hit a soft patch at some point, usually in the first half of the year. i don't expect 2014 to be any different. because of that, i think the fed will emphasize they're going to be very deliberate about this tapering, that it's not on a preset court. >> if we have a preset course, it is continuing the pace svrp it started. what is the charge? do you think markets have their heads around the fact that if data comes in weaker, there may be a taper pause. how likely -- do we need to think about that? >> i think that's a very real possibility as the year unfolds, ross. particularly given the track report of the u.s. economy, year in, year out undershooting what the fed's estimate for economic growth is. so, you know, i don't see 2014 unfolding a lot differently than in years past. but i think we'll get a soft patch at some point where we may well get a taper pause. however, if econom
i think the fed will point out all of those things. however, there's still a slow growth, high unemployment economy with stag nabt household income. we tend to hit a soft patch at some point, usually in the first half of the year. i don't expect 2014 to be any different. because of that, i think the fed will emphasize they're going to be very deliberate about this tapering, that it's not on a preset court. >> if we have a preset course, it is continuing the pace svrp it started. what is...
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Jan 9, 2014
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how has all of that fed into asian asset prices? li sixuan has the data out of singapore. >> hi, ross. you mentioned about the inflation data. on the whole, asian markets came under pressure ahead of friday's u.s. jobs data. japan's nikkei 225 lost 1.5% and saw some profit taking in recent outperformers such as nintendo. over in china, the inflation data came in at a seven-month low giving markets a short lift boost and china markets slipped further. the shanghai deposit ended down by 0.8%. do note that eight companies are set to take their ipo subscriptions this week, raising concerns over shares and this brokerage stocks lower. meanwhile, the nasdaq is out. china exports was able to hold on to its early gains, ending down by over 2 the%. this after yesterday's over 3% jump. and over in seoul, the bj kept rates steady, but the kospi still lost 0.7% after invefrters got spooked, especially for some chemical stocks. but australia's asx 200 ended higher by 0.2%. jaufr shore oils, limit up by 10% after expecting its 2013 profit to have
how has all of that fed into asian asset prices? li sixuan has the data out of singapore. >> hi, ross. you mentioned about the inflation data. on the whole, asian markets came under pressure ahead of friday's u.s. jobs data. japan's nikkei 225 lost 1.5% and saw some profit taking in recent outperformers such as nintendo. over in china, the inflation data came in at a seven-month low giving markets a short lift boost and china markets slipped further. the shanghai deposit ended down by...
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Jan 28, 2014
01/14
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do you think the fed is? >> i'm sure they're watching it closely. it's not at the top of their agenda. they're assigned to focus on the u.s. economy and the strength of the u.s. financial system. they've had a running argument with central banks in emerging markets for the last couple years about whether they should be factoring events in turkey and india, when they make monetary policy. they think about it. but it isn't going to drive their decision potomorrow. >> they've talked about being data dependent. they're probably going to taper, despite what's going on. what gives you the thought they're going to do that? we've seen a weak jobs report. unemployment figures have been stagnant, at best. durable goods today were just awful. at what point do they say the data's changed? >> i think they would need to see more of it along those lines. we had a number of upward revisions in november and december, which suggested that the economy ended 2013 on a much stronger note than the fed realized. and then, they think the fiscal headwinds are receding. you
do you think the fed is? >> i'm sure they're watching it closely. it's not at the top of their agenda. they're assigned to focus on the u.s. economy and the strength of the u.s. financial system. they've had a running argument with central banks in emerging markets for the last couple years about whether they should be factoring events in turkey and india, when they make monetary policy. they think about it. but it isn't going to drive their decision potomorrow. >> they've talked...
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Jan 22, 2014
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remember, don't fight the fed. the fed turned accommodative at the end of '08 and it's been a great period for stocks. the fed will change before the ecb or bank of japan so the stock market here might get tougher than in europe or japan, but that's a ways out because as long as we're in that boring period, as ray said, stocks will continue to move higher. >> thank you both very much. the lesson is boring can be good, ty. that's the lesson. >> that is what i try to tell lots of people over the years. to super bowl xlviii in new york, that's xlviiix something, i don't know. broncos/hawks. it will be a big game. the team behind the big event is going to join us to talk about preparations, members of the host committee will talk about security, weather. we might even talk about richard sherman's rant. jets owner woody johnson, giants co-owner jonathan tisch and the new york-new jersey super bowl committee head al kelly join us after this. [ male announcer ] what if a small company became big business overnight? ♪ li
remember, don't fight the fed. the fed turned accommodative at the end of '08 and it's been a great period for stocks. the fed will change before the ecb or bank of japan so the stock market here might get tougher than in europe or japan, but that's a ways out because as long as we're in that boring period, as ray said, stocks will continue to move higher. >> thank you both very much. the lesson is boring can be good, ty. that's the lesson. >> that is what i try to tell lots of...
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Jan 24, 2014
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the first one you know quite well. >> call for the fed to step in. investigate the explosive e-mails that show christie's aides closing highways on the world's busiest bridge. >> calling an abuse of power and act of political retribution. >> a potential presidential candidate caught up in scandals. >> tonight on nightline, the boss. >> i'm governor. just shut up for a second. >> caught up in a scandal. he says he is humiliated. >> i come out here today, i'm sad. >> and sorry. >> i'm sorry. >> it's far cry from his usual. >> i have no interest in answering your question. >> compare that once again to this. >> in the past few weeks alone she has fought illness and injury, including hospitalization. she leaves her post as the most admired woman in the world, and the gallup poll for the 11th 11th year in a row. well, today hillary clinton was under fire, and at times fired back. >> after a fall, a concussion and a blood clot, hillary clinton showed rare public emotion, reflecting the toll ben gas si has been taking on her. >> her indig nation emotion as
the first one you know quite well. >> call for the fed to step in. investigate the explosive e-mails that show christie's aides closing highways on the world's busiest bridge. >> calling an abuse of power and act of political retribution. >> a potential presidential candidate caught up in scandals. >> tonight on nightline, the boss. >> i'm governor. just shut up for a second. >> caught up in a scandal. he says he is humiliated. >> i come out here today,...
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Jan 16, 2014
01/14
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his final speeches as fed chairman. he's talking about the brookings institution. and may in some way give us an opportunity to reflect on his tenure. you can see david wesle, formerly of "the journal" there as well. when bernanke starts speaking we will take that live. in the meantime, to weigh in on the discussion about the fed and markets, jeremy siegel is a professor at u. penn's school. fifth edition of stocks for the long run is out. book has been named one of "washington post's" best investment books of all times. jeremy, it's great to have you. congratulatio congratulations. five editions. >> five. >> just like yesterday. >> i know. >> how is the year shaping up, in your view, and is it going to be markedly more difficult than last year? >> yeah. we're much closer to fair market value now than we were a year or two ago. i still think we are below fair market value, so i still think we've got 10 to 15% to get there in the markets. we know nothing goes in a straight line, up to fair market value. either has a corr
his final speeches as fed chairman. he's talking about the brookings institution. and may in some way give us an opportunity to reflect on his tenure. you can see david wesle, formerly of "the journal" there as well. when bernanke starts speaking we will take that live. in the meantime, to weigh in on the discussion about the fed and markets, jeremy siegel is a professor at u. penn's school. fifth edition of stocks for the long run is out. book has been named one of "washington...
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Jan 29, 2014
01/14
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i don't understand that move, vis-a-vis what the fed did. in the meantime you had staples and discretionary, the one and worst two sectors. they tend to kind of play off each other. i can't tell you i have any clarity here but i would not expect a rally tomorrow. >> can i say something intelligent here? >> you say that shocked. >> no. listen. consumer names, you know, they've been telling us this for a while now, especially the multi-nationals that have a lot of exposures overseas, not just emerging markets. when you look at the leaders from last year, you look at the starbucks, nike's, whole foods, these have been coming off for at least a few weeks before the market starting going down. the s&ps are down earlier this month. i think you have a very shallow pullback here. i think we have a date with the 1700 level. it's not been here in over a year. think that's the longest stretch in over ten years. i think you want to be careful with the leaders. we continue to see it today. the stock's up right now. >> in terms of if it holds the gains? >
i don't understand that move, vis-a-vis what the fed did. in the meantime you had staples and discretionary, the one and worst two sectors. they tend to kind of play off each other. i can't tell you i have any clarity here but i would not expect a rally tomorrow. >> can i say something intelligent here? >> you say that shocked. >> no. listen. consumer names, you know, they've been telling us this for a while now, especially the multi-nationals that have a lot of exposures...
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Jan 28, 2014
01/14
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is this really because of the fed tapering? we have a fed meeting starting again today. is that your expectation, that this is all kicked off because liquidity might not be as flush as it has to this point. >> i think there's a ton of liquidity floating around the world. i think people are focusing on risk in a somewhat different way. it came out of 2013 with a sense of euphoria. i think the emerging markets just sort of what's going on in the emerging markets is causing people to say, let's pull back a little bit. i tend to agree with lee. i think that -- who spoke earlier, because i think you'll see the equity markets at least here expand this year and grow again. i think it's just a pull back. i think there's a lot of, lot of liquidity in the world. >> there's two schools of thought. we had summers on. i keep channeling summers. >> you and larry are tight. >> his notion is that demand has been so weak. he thinks we need to do stuff here, make some not necessarily ill advised investments but do the infrastructure. do everything we need to do. it's so cheap to borrow. t
is this really because of the fed tapering? we have a fed meeting starting again today. is that your expectation, that this is all kicked off because liquidity might not be as flush as it has to this point. >> i think there's a ton of liquidity floating around the world. i think people are focusing on risk in a somewhat different way. it came out of 2013 with a sense of euphoria. i think the emerging markets just sort of what's going on in the emerging markets is causing people to say,...
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Jan 3, 2014
01/14
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KPIX
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. >> reporter: fed up, geno called consumerwatch and we called gamestop. and the manager agreed to exchange geno's green screen xbox for one that actually works. >> thank god for consumerwatch. gave me a christmas! i would have been stuck without an xbox right now. ha ha ha! sad kid, sad holiday. you know? sad game player. [ laughter ] >> reporter: microsoft says consumers with xbox issues can contact customer versus via phone, twitter or by saying xbox help if yours is working with. if you have a consumer problem, contact consumerwatch, 888-5- helps-u. on the consumerwatch, julie watts, kpix 5. >>> now for a look at what's ahead on the "cbs evening news." maurice dubois is in new york. >> millions prepare for the worst as two winter storms team up and take aim tonight at the northeast. we're on storm watch tonight on the "cbs evening news." ,,,,,, across the country has brought me to the lovely city of boston. cheers. and seeing as it's such a historic city, i'm sure they'll appreciate that geico's been saving people money for over 75 years. oh... dear, i
. >> reporter: fed up, geno called consumerwatch and we called gamestop. and the manager agreed to exchange geno's green screen xbox for one that actually works. >> thank god for consumerwatch. gave me a christmas! i would have been stuck without an xbox right now. ha ha ha! sad kid, sad holiday. you know? sad game player. [ laughter ] >> reporter: microsoft says consumers with xbox issues can contact customer versus via phone, twitter or by saying xbox help if yours is...
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Jan 6, 2014
01/14
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the fed is out buying bonds and they hand that spread to the u.s. treasury. that's not helping the economy. we need to see rates go up for a number of reasons. i think it would also help bring private capital into the mortgage market. >> you know, by the way, there are people suggesting that, in fact, just for the u.s. to keep a stable unemployment rate there may be structural reasons why the interest rate should be negative. >> yeah, but that's a neokeynesian view, kelly. they're not looking at the market in a supply side sense. you want banks to make money on their assets. if net interest margin for the top four gets down to 2%, which is where it's headed, believe me, the alarm bells in washington will be ringing. >> all right. we've got to go, guys. >> thanks chrises. >> chris whalen, how hot is in irvine, california? >> i can't talk about it. everybody hates me already. it's a beautiful day here today. >> how nice for you. see you later. >> we have 20 minutes left to go before the closing bell. the dow is off 24 points. so the sell-off is picking up a lit
the fed is out buying bonds and they hand that spread to the u.s. treasury. that's not helping the economy. we need to see rates go up for a number of reasons. i think it would also help bring private capital into the mortgage market. >> you know, by the way, there are people suggesting that, in fact, just for the u.s. to keep a stable unemployment rate there may be structural reasons why the interest rate should be negative. >> yeah, but that's a neokeynesian view, kelly. they're...
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Jan 9, 2014
01/14
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around the clock i'm hand fed. every day i do get all the attention though, hey, what can i say. one day i'll grow up. maybe cohost "the five." could you please send me a calendar so i'll know when to arrive. isn't that lovely. that was a winner. >> several others. >> a, he got the sympathy vote. not fair to other dogs. >> the last thing is, i found one extra calendar in my office, the bonus calendar, one joke about "the five." i watch "the five" and listen to you and for you i salute and lift my leg and i do business when i think of greg. i only joke, each one i admire. keep up the good work. "the five" is on fire. >> i like that one. >> i'm begging you. i'm begging you to not mention your dog just one day. >> eric. >> that's all i ask, just one. >> 365 days a year, just one. >> i'm trying. >> all righty. they are yelling at me, hurry up and go. last night apparently karl rove was on sean hannity's show, and this happened. >> all right. karl rove, thanks for finally sharing the white board with us. we appreciate it. you know, eric bolling's is bigger, just as a side note. it doe
around the clock i'm hand fed. every day i do get all the attention though, hey, what can i say. one day i'll grow up. maybe cohost "the five." could you please send me a calendar so i'll know when to arrive. isn't that lovely. that was a winner. >> several others. >> a, he got the sympathy vote. not fair to other dogs. >> the last thing is, i found one extra calendar in my office, the bonus calendar, one joke about "the five." i watch "the five"...
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Jan 31, 2014
01/14
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you won because there was the fed put. now the fed put is not there. now it's less clear than you win every time. >> the question is there enough momentum from the company to keep things running and are corporate earnings going to be enough -- >> if you're a kid who gets allowance from your parents. you've maybe got five bucks a week and we're still going to give you allowance but cut it back to three bucks a week, that in my eyes is a tightening. that kid is going to alter his spending habits. that's no different than what's going on in qe now. there are people out there on the street who said this is not tightening, it's just a reduction of how much they're giving. i think psychologically, if you've set a benchmark level at 85 billion bucks and you get used to it and cut it down 207 5rks 65 and lower as time goes on, that will affect how you spend. >> haiyan, how about you jump in on this, what do you think happens in terms of is the economy strong enough, do earnings pick up? what makes you think this is a pullback of less than 10% and stocks push h
you won because there was the fed put. now the fed put is not there. now it's less clear than you win every time. >> the question is there enough momentum from the company to keep things running and are corporate earnings going to be enough -- >> if you're a kid who gets allowance from your parents. you've maybe got five bucks a week and we're still going to give you allowance but cut it back to three bucks a week, that in my eyes is a tightening. that kid is going to alter his...